Struggling With Great Stock Picks? Discover StockInvest.us Top Gems!
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MATW
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Matthews International Corporation stock downgraded to Hold/Accumulate
(Updated on May 15, 2024)

Buy or Hold candidate since May 07, 2024 Gain 1.39% PDF

The Matthews International Corporation stock price fell by -0.581% on the last day (Wednesday, 15th May 2024) from $29.28 to $29.11. During the last trading day the stock fluctuated 2.73% from a day low at $29.08 to a day high of $29.87. The price has risen in 7 of the last 10 days and is up by 8.99% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -16 thousand shares and in total, 93 thousand shares were bought and sold for approximately $2.70 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.51% during the next 3 months and, with a 90% probability hold a price between $24.13 and $28.94 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

MATW Signals & Forecast

The Matthews International Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $28.91 and $27.91. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -0.581%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Matthews International Corporation stock

Matthews International Corporation finds support from accumulated volume at $28.84 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.795 between high and low, or 2.73%. For the last week, the stock has had daily average volatility of 1.83%.

Our recommended stop-loss: $27.96 (-3.96%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (MATW) For The Upcoming Trading Day Of Thursday 16th

For the upcoming trading day on Thursday, 16th we expect Matthews International Corporation to open at $29.35, and during the day (based on 14 day Average True Range), to move between $28.28 and $29.94, which gives a possible trading interval of +/-$0.83 (+/-2.84%) up or down from last closing price. If Matthews International Corporation takes out the full calculated possible swing range there will be an estimated 5.67% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $29.14 (0.10%) than the support at $28.84 (0.93%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Matthews International Corporation stock A Buy?

Matthews International Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.609 Hold/Accumulate Downgraded

Predicted Opening Price for Matthews International Corporation of Thursday, May 16, 2024

Fair opening price May 16, 2024 Current price
$29.35 ( 0.83%) $29.11

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MATW

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 30.15 3.56 %
R2 29.84 2.52 %
R1 29.66 1.87 %
Current price: 29.11
Support S1 29.05 -0.213 %
S2 28.86 -0.86 %
S3 28.56 -1.90 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 31.08 6.77 %
R2 30.61 5.15 %
R1 29.14 0.103 %
Current price 29.11
Support S1 28.84 -0.93%
S2 28.55 -1.92%
S3 27.82 -4.43%

MATW Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 03, 2024 May 03, 2024 May 20, 2024 $0.240 0.82%
2 Feb 26, 2024 Feb 26, 2024 Feb 26, 2024 $0.240 0.85%
3 Jan 24, 2024 Feb 02, 2024 Feb 19, 2024 $0.240 0.85%
4 Nov 15, 2023 Nov 24, 2023 Dec 11, 2023 $0.240 0.700%
5 Jul 26, 2023 Aug 04, 2023 Aug 21, 2023 $0.230 0.549%

FAQ

What is the symbol for Matthews International Corporation Stock and on which exchange is it traded?
The symbol for Matthews International Corporation is MATW and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Matthews International Corporation Stock?
Matthews International Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Matthews International Corporation Stock?
Matthews International Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Matthews International Corporation Stock.

What's the current price of Matthews International Corporation Stock?
As of the end of day on the May 15, 2024, the price of an Matthews International Corporation (MATW) share was $29.11.

What is the 52-week high and low for Matthews International Corporation Stock?
The 52-week high for Matthews International Corporation Stock is $48.86 and the 52-week low is $25.50.

What is the market capitalization of Matthews International Corporation Stock?
As of the May 15, 2024, the market capitalization of Matthews International Corporation is 899.186M.

When is the next earnings date for Matthews International Corporation?
The upcoming earnings date for Matthews International Corporation is Jul 25, 2024.
Click to get the best stock tips daily for free!

About Matthews International Corporation

Matthews International Matthews International Corporation provides brand solutions, memorialization products, and industrial technologies worldwide. It operates through three segments: SGK Brand Solutions, Memorialization, and Industrial Technologies. The SGK Brand solutions segment provides brand management, pre-media services, printing plates and cylinders, engineered products, imaging services, digital asset management, merchandising display systems, and marketing a... MATW Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT